NEW TIC COMMUNITY| 1375-1405 Sutherland Street | $415,000-$599,000

NEW TIC COMMUNITY| 1375-1405 Sutherland Street | $415,000-$599,000

YOUR PERFECT ECHO PARK RETREAT



The perfect Spanish retreat in Echo Park, for the perfect price. All six units, collected in a courtyard setting with multiple decks and patios, mature trees and landscaping, are available for sale. Three buildings, each with two side-by-side units, with central courtyard binding them together, making each unit and end unit, with only one wall shared. This stunning new TIC community features clean and modern design. Tasteful finishes include new white oak floors, an open floor plan, updated kitchens and bathrooms with classic vibes. The living rooms all look out onto private decks and patios surrounded by greenery and light. Many upgrades and features including tankless water heaters, updated roofs, electrical, and plumbing, new ductless a/c and heat, new appliances including stackable WD, and one parking space included. Half a block to Sunset restaurants, bars and cafes


1375-1405 SUTHERLAND STREET HOA, ECHO PARK 
A 6-UNIT TIC COMMUNITY | ALL UNITS AVAILABLE APRIL 2020



1377 Sutherland Street

  • 1377sutherland.com
  • $415,000 list price
  • 1 bed 1 bath
  • 413 square feet
  • Private deck
  • HOA DUES $258.75


1375 Sutherland Street

  • 1375sutherland.com
  • $599,000 list price
  • 2 bed 1 bath
  • 774 square feet
  • Private deck and yard
  • HOA DUES: $277.31


1403 Sutherland Street

  • 1403sutherland.com
  • $520,000 list price
  • 1 bed 1 bath plus bonus room
  • 599 square feet
  • Private deck and yard
  • HOA DUES $273.62


1405 Sutherland Street

  • 1405sutherland.com
  • $520,000 list price
  • 1 bed 1 bath plus bonus room
  • 603 square feet
  • Private deck
  • HOA DUES $266.01


1401 1/2 Sutherland Street

  • 1401halfsutherland.com
  • $525,000 list price
  • 1 bed 1 bath, bonus finished storage room
  • 509 square feet
  • Patio
  • HOA DUES $257.76


1401 Sutherland Street

  • 1401sutherland.com
  • $525,000 list price
  • 1 bed 1 bath, bonus detached office
  • 408 square feet
  • Private yard
  • HOA DUES $256.56


1377-1405 Sutherland Avenue HOA FAQ, a Tenants in Common (TIC) Community:

  • HOA covers insurance, gardening, finance management, maintenance and reserves
  • Owner pays for their unit gas, electric and water (each unit is individually metered for all three utilities)
  • Reserves cover maintenance for all common area exterior components (painting, roof, etc.), and decks
  • Insurance covers the entire property, including walls-in (buyer does not need to get additional HO-6 policy)
  • Pets are allowed
  • Rental restrictions apply, please inquire
  • No permission needed to sell your unit
  • With TIC you have similar usage and renovation rights as a condo owner 
  • All units are being offered for sale for the first time
  • We do not need to close multiple units concurrently 
  • We can close one unit at a time
  • Contact listing agent if you have further questions!

TIC sale with financing available – with as little as 10% down thru Sterling Bank, Henry Jeanes, hjeanes@sterlingbank.com.



ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON (TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field GuideHERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.

Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


The Rental Girl (therentalgirl.com) is a full service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge, and support our real estate colleagues, landlords and renters and the TIC community.


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